Amended returns no longer required if ERC claim is received or denied in current year. When the regulations concerning the Employee Retention Credit (ERC) were first issued, they indicated that a taxpayer who received ERC…

Update as of October 2023: With the recent rise of Employee Retention Credit scams and schemes, the IRS has announced a new withdrawal process for Employee Retention Credit claims. This new initiative aims to help…

Are you ready? Federal student loan interest has resumed as of September 1, 2023, and payments will be due starting in October. Congress recently passed a law preventing any further extensions of COVID-19 emergency relief…

The IRS has issued a renewed warning on Employee Retention Credit (ERC) claims. In recent months, promoters and other third parties have continuously pushed ineligible taxpayers to file for the Employee Retention Credit even when…

2022 is about to come to a close, and many may think that also means the end of the Employee Retention Credit (ERC). However, while the credit may have sunset, past years’ returns can be…

On March 15, the U.S. Small Business Administration (SBA) announced an updated 30 month deferment of principal and interest payments on all existing COVID Economic Injury Disaster Loan (EIDL) program loans. The new deferment is automatic,…

The Employee Retention Credit (ERC) was introduced last year in the CARES Act as a lucrative incentive for business owners. It has since been extended and modified by both the Consolidated Appropriations Act and American…

New Incentive for New Jersey Employers and Unemployed Residents Earlier this week, NJ Governor Phil Murphy announced a new incentive with the NJEDA to help encourage more unemployed workers to transition back into the workforce….